From Concealment to Accountability: The SEC's Call for Transparency to Safeguard Shareholders
0Guest: Matthew Rosenquist, CISO at Eclipz.io
On LinkedIn | https://www.linkedin.com/in/matthewrosenquist/
On Twitter | https://twitter.com/Matt_Rosenquist
On Medium | https://matthew-rosenquist.medium.com/
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Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]
On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin
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This Episode’s Sponsors
Imperva | https://itspm.ag/imperva277117988
Pentera | https://itspm.ag/penteri67a
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Episode Notes
In this thought-provoking episode of the Redefining CyberSecurity Podcast on the ITSPmagazine Podcast Network, host Sean Martin connects with Matthew Rosenquist to engage in a discussion about the recent SEC notification ruling. They explore the importance of transparency and accountability in cybersecurity for public companies as they dig into topics such as the need for transparency in security posture, the impact on shareholders and potential investors, and the role of privacy regulations in raising the security posture of industries like healthcare. They emphasize the value of notification and the balance between providing timely information to shareholders and avoiding potential lawsuits.
The conversation highlights the ethical implications of concealing information and the changing role of legal counsel in incident response. They discuss the potential emergence of whistleblowers to expose non-compliant companies and the impact of fines and penalties. They also touch on how transparency can drive accountability and impact business partners, vendors, and suppliers.
Recognizing the challenges faced by companies in operationalizing security and stress the importance of continuous monitoring and evaluation of cybersecurity measures, the episode discusses the potential for companies to face lawsuits and the role of the board in overseeing cybersecurity controls.
Overall, this episode offers valuable insights into the SEC notification ruling, providing listeners with a deeper understanding of its implications for cybersecurity, transparency, and accountability in public companies.
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Resources
SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies: https://www.sec.gov/news/press-release/2023-139
Matthew's post on LinkedIn: https://www.linkedin.com/posts/matthewrosenquist_clorox-says-last-months-cyberattack-is-still-activity-7109565860331065344-yRec/
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